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The Problem
We believe there are two major problems preventing the small wind sector from heading toward the trillion-dollar mark.
Typically, low noise and high efficiency do not go together as most small wind solutions have to compromise on one of these two fronts.
Small turbines cannot be placed close together without interfering with the wind flow. As a result, this makes them unusable for most areas where people live and work.
Additionally, there can be problems including the safety of birds, physical appearance, and cost-effectiveness of existing turbines. The aerodynamic interference of one turbine with another means they have to be widely spread, resulting in lower cost-effectiveness in settings where most people live and work.
Until now in our view, smaller wind turbines have not provided a viable solution.
The Solution
Flower Turbines has addressed the problems of the past with technology improvements. The turbines have less turbulence, more efficiency, and work together in a way that no one thought vertical axis drag-type turbines could. We are also disrupting the market by combining them with a beautiful design that makes people proud to own them.
This is a huge advantage for Flower Turbines in places where space is limited—close to people, buildings, and parking lots. And it accompanies solar beautifully, because using both together means energy during more of a daily and seasonal cycle, thereby saving on costly battery storage.
*This image is an example of one of our models.
The Market
Expected revenue from the small turbine sector is projected to reach $400M in 2024, growing 42.5% in just five years. This level of expedited growth is occurring without our product having entered the mass market.
We believe our technological improvements to small wind will eliminate some of the past barriers in the industry, allowing us to contribute to further market growth. With these changes, we think that small wind can grow on a similar trajectory as solar.
Additionally, Solar PV experienced large growth while being in the public domain. But only Flower Turbines can produce a Tulip thanks to our Intellectual Property.
Bloomberg predicts that wind and solar will power half the world's grid by 2050 and receive $9 trillion of investment. We hope Flower Turbines will be part of that. Additionally, Flower Turbines is entering the exciting market of electric charging, one of the top trends in clean tech.
Our Traction
In our decade of development we have had success in pitching our design and product to investors and accelerators all over — we were one of the 3% chosen to participate in Dreamit Venture's first Urbantech Accelerator, we were among the winners of the US-China Innovation Forum contest, and were chosen by PortXL Rotterdam as one of the 20 companies out of 1000 for investment.
We have demonstrated the successful execution of the benefits of our ‘cluster effect’ and recently started the manufacturing. In addition to this, our achievements speak for the power of our technology.
Won an innovation loan from Rabobank, a vote of confidence from a top bank in Europe
Acquired and developed a product line of wind-powered electric bike charging stations
Set up a manufacturing supply chain close to our entry market for the EU
Won a national competition in the Netherlands, whereby a city is paid to buy one of our turbines
Chosen as one of the top 45 inventions in the history of Israel (the technology was developed there before incorporation in the US)
Set up our own small wind tunnel and research facility at RDM, Rotterdam
Won contracts and a tender in the Netherlands.
What We Do
The last round of funding enabled us to develop our team and high-quality supply chain in the EU, with mostly Dutch manufacturing. With more sales confirmed and in process, we are even in the planning process to showcase sustainability for Eurovision, which is in Rotterdam this year. With this next round of funding, we’ll be concentrating on expansion particularly in the NorthEast region of the US.
We also believe in our part in saving the planet by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years.
*Images are computer generated demo versions. Product is still currently under development.
The Business Model
Our technology enables a new model in small wind. The fact that we can cluster the turbines means a small wind farm sales model, which is cheaper for the customer. Now a mall or school building can have 100 turbines on their roofs or in their parking lots—the same on a lesser scale with residences.
As Flower Turbines grows, it will sell not just turbines, but also electricity. We believe, from our own assessment, the US commercial market alone is a total potential market of $225 billion and the residential market is another total potential market of $50 billion.
We have also diversified our revenue generation through our recent acquisition of an electric bicycle charging product line. We recently finalized this acquisition and are in the process of merging it into our existing business.
*Images are computer generated demo versions.
How We Are Different
An indication of the efficiency of our Flower Turbines are that they are able to begin generating electricity at a wind speed of just 1.2 m/s (industry standard is 3 m/s). This conclusion is based on testing data in a low wind environment.
If you were to place our turbines next to the average competitor with 3 m/s wind, the Tulip will already be producing 30 Watts of electricity as the competition is first beginning to rotate.
The carefully crafted design of the Tulip is so aerodynamically efficient, it is actually able to take the wind entering the turbine, reverse its’ direction and point toward the second blade at a higher speed than the initial wind outside.
In these illustrations below, red is highest velocity, blue is lowest, wind comes from the left, and this is a horizontal slice through the middle of the turbine with the shaft in the middle. Note that as the wind enters the turbine and reverses direction in order to hit the second blade as well (call it two for the price of one!), the illustration reaches “red” speed in the middle. The higher the effective speed when the wind hits the blades, the more energy the turbine produces.
*This video contains images of a working demo model of our product.
The Vision
We believe in our part in saving the planet, not by asking for subsidies, but by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. That is a significant goal and a significant impact on the planet.
Fulfilling our business plan requires an up-front investment, but we believe that the quality of our products and demand for more will result in potential growth once people become acquainted with first installations.
*Images are computer generated demo versions.
Our Team
Working under Dr. Farb is a team of project managers, professors, and engineers with decades of expertise in design, startups, wind energy, electronics, and sustainability.
Why Invest
Our first $1 million enabled Flower Turbines to expand patents and engineering and begin with manufacturing several sizes and versions, to expand its product line to the fast-growing segment of electric vehicle charging, and to develop a critical team mass in the European market. With your help, this second funding round will allow us to move into profitable operations, fulfill initial contracts, and develop a critical mass in the US market.
video
One of the advantages of investing in Flower Turbines is a strong protective portfolio in multiple countries. All is owned, assigned, or licensed to Flower Turbines.
PATENTS WITH PCT NUMBERS
IB10/052334
Title: 2-Bladed Vertical Axis Turbines
EU: 10780138.3, granted, entered in:
- Switzerland/Liechtenstein
- Germany
- France
- Great Britain
- Ireland
- Italy
Australia: 2010252559, granted as 2010252559
India: 9614/CHENP/2011
US: 13/322,578, granted as 9,255,567
Israel: 216596, granted as 216596
Canada: granted as 2,800,765
IB2012/053567
Title: VARIABLE DIAMETER AND ANGLE VERTICAL AXIS TURBINE
US: 14/232,629, granted as US20140167414
China: 201280034861.0, granted as CN103649530B
Japan: 2014-519681
IL2015/050537
Title: Vertical Axis Turbine Clustering
US: 15/310,770, granted as 10330086
EU: 15796413.1
China: 201580026019.6, granted as 2019052700130810
Brazil: 112016026981-0
IL2017/050969
Title: ROOFTOP WIND TURBINE FLOW IMPROVEMENTS
US: 16324720
China: 201780055226.3
PCT IL2019/051172
Title: Savonius Wind Turbine Ratios, not yet in national phase in PCT countries
In national phase in Argentina: P190103382
TRADEMARKS
Flower Turbines: US serial number: 86328894, EU: 018027912
Turquoise/green flower turbines logo—granted in US, Serial #number 86329027, in EU: granted as 018028119
Flower Power, US serial number: 86349230
Bitulip: U.S. serial number: 86349235
Tritulip: U.S. serial number: 86349236)
Tulip Power: EU: 018180058, US: 88773467
Wind Tulip: EU, 018028120
Charge To Go: US, 88800033
COPYRIGHTS
All small vertical axis wind turbine components of “Eco-Art”, granted with registration number VAu-1-311-252
Metallic Tulip straight middle, curved outer edge, granted with registration number VAu 1-377-424
Vertically symmetrical Tulip Turbine, granted with registration number VAu 1-377-423
Wind Tulip on a charging pole: submitted February, 2020
Devin Thorpe of Good Crowd and Your Mark on the World Show interviews Dr. Daniel Farb about small wind turbines:
See company 10, a company that led to Flower Turbines.
Company | : | Flower Turbines, Inc. |
Corporate Address | : | 240 Central Ave., # 1J, Lawrence, NY 11559 |
Offering Minimum | : | $9,990.00 |
Offering Maximum | : | $1,032,330.00 |
Minimum Investment Amount(per investor) | : | $300.00 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 333 |
Maximum Number of Shares Offered | : | 34,411 |
Price per Share | : | $30.00 |
Pre-Money Valuation | : | $26,017,770.00 |
Voting Rights of Securities sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investments Incentives & Perks*
Time-based:
Friends and Family Early Birds
Invest within the first 48 hours and receive an additional 15% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive an additional 5% bonus shares
Amount based:
Investor Webinars
$2,500+
Invest $2,500+ and receive access to our quarterly investor webinars where we will discuss current and future initiatives for Flower Turbines.
Factory Tour
$5,000+
Invest $5,000+ and you will be put in a drawing for round-trip tickets for two to the Netherlands, where you will have the opportunity to tour our office and factory partners. Economy tickets during non-peak season.
*All bonuses and perks occur after the offering is completed. Maximum Number of Shares Offered subject to adjustment for bonus shares. See bonus information below.
The 10% Bonus for StartEngine Shareholders
Flower Turbines, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $30.00 per share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $3,000.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are either cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
We have been blown away by the positive response to our 2nd equity crowdfunding campaign! With over 1,200 new partners and already over $1M raised, we are so grateful to have you as part of the team moving forward.
Due to the momentum, we have moved our end date up to Monday 12/27/2020. This means that investors who have not been part of prior closings will have up until 12/21/2020 to cancel their investment and we will continue to accept investment commitments at this time.
Feel free to share with all your friends and family before its too late!
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Flower Turbines has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flower Turbines be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
IMPEL+, a program funded by U.S. Department of Energy’s Building Technologies Office, and implemented by the Lawrence Berkeley National Laboratory, chose Dr. Farb and Flower Turbines for its 2021 Innovators program and the project "Building-integrated Wind Turbines". You can read about the program at https://impel.lbl.gov/2021-innovators.
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Flower Turbines offering. Here's an excerpt describing the specifics of the change:
Flower Turbines extended its campaign and increased its maximum raise amount.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Click here to see Flower Turbines 6th one down from the top.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Flower Turbines has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flower Turbines be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
We are in the final phase for judging this week for the Merage DeserTech competition. We proposed that our off-grid chargers enable electric vehicles for long distances in the desert and that our wind turbines work nicely with solar energy to provide power over 24 hours.
Wish us luck!
Customer: City of Amsterdam. Click here for the video.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Flower Turbines has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flower Turbines be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
The results are in. Not only were we in the Pepperdine Business School's10 Most Fundable Companies in America, but we were in the top 3 for "Crowd Favorite" wherein people coming to the website (http://pepperdine.edu/mfc-list could vote for their favorite.
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